Mittal Sections Ltd
Incorporated in 2009, Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products.[1]
- Market Cap ₹ 39.1 Cr.
- Current Price ₹ 33.8
- High / Low ₹ 114 / 22.6
- Stock P/E 11.3
- Book Value ₹ 50.2
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 10.1 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.67 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.9% over past five years.
- Debtor days have increased from 29.1 to 45.7 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 89 | 149 | 167 | 161 | 137 | 149 | |
| 87 | 146 | 164 | 156 | 129 | 141 | |
| Operating Profit | 2 | 3 | 3 | 5 | 8 | 8 |
| OPM % | 2% | 2% | 2% | 3% | 6% | 5% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 2 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -1 | 1 | 1 | 3 | 5 | 5 |
| Tax % | -26% | 25% | 26% | 27% | 30% | 32% |
| -1 | 1 | 1 | 2 | 4 | 3 | |
| EPS in Rs | -2.33 | 2.29 | 2.14 | 7.21 | 4.59 | 2.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -4% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 89% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 18% |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 8 | 12 |
| Reserves | 1 | 2 | 2 | 4 | 2 | 46 |
| 18 | 14 | 20 | 15 | 21 | 25 | |
| 5 | 14 | 8 | 7 | 14 | 16 | |
| Total Liabilities | 27 | 32 | 33 | 29 | 45 | 99 |
| 8 | 8 | 8 | 8 | 7 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 4 | 20 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 | 24 | 25 | 21 | 34 | 72 | |
| Total Assets | 27 | 32 | 33 | 29 | 45 | 99 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -3 | 7 | -4 | 7 | 0 | -6 | |
| -0 | -1 | -1 | -0 | -4 | -37 | |
| 3 | -6 | 5 | -7 | 4 | 46 | |
| Net Cash Flow | -0 | -0 | -0 | 0 | 0 | 3 |
| Free Cash Flow | -3 | 6 | -5 | 7 | -5 | -23 |
| CFO/OP | -164% | 222% | -136% | 142% | 8% | -64% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 24 | 17 | 18 | 12 | 30 | 46 |
| Inventory Days | 40 | 34 | 29 | 16 | 19 | 34 |
| Days Payable | 23 | 37 | 16 | 13 | 34 | 36 |
| Cash Conversion Cycle | 41 | 14 | 31 | 15 | 15 | 44 |
| Working Capital Days | 8 | 4 | 9 | 8 | 29 | 22 |
| ROCE % | 11% | 11% | 19% | 26% | 13% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Installed Production Capacity MTPA |
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| Geographical Revenue Concentration - Gujarat % |
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| Overall Capacity Utilization % |
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| Total Production Volume MT |
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| Product SKUs Number |
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| Total Permanent Employees Number |
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Extracted by Screener AI
Documents
Announcements
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Outcome Of The Meeting Of The Board And Submission Of Audited
Standalone Financial Results For The Half-Year And Financial Year Ended On 31St March 2026
29 May - Mittal Sections approved FY26 audited standalone results; profit rose to Rs 345.50 lakh, unmodified opinion.
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Board Meeting Outcome for Outcome Of The Meeting Of The Board And Submission Of Audited
Standalone Financial Results For The Half-Year And Financial Year Ended On 31St March 2026
29 May - Board approved audited standalone H2/FY26 results; profit rose to Rs 345.50 lakh.
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Board Meeting Outcome for Outcome Of The Meeting Of The Board And Submission Of Audited
Standalone Financial Results For The Half-Year And Financial Year Ended On 31St March 2026
29 May - Mittal Sections approved FY26 audited standalone results; profit rose to Rs 345.50 lakh, audit opinion unmodified.
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Board Meeting Intimation for Intimation Of Board Meeting For Approving Audited Standalone Financial Results For The Half-Year And Financial Year Ended On 31St March, 2026.
23 May - Board meeting on 29 May 2026 to approve audited standalone results for half-year and FY ended 31 March 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - CARE report for Q4FY26 IPO proceeds shows Rs.50.41 crore utilized, Rs.2.50 crore unutilized, no material deviation.
Business Profile[1]
Mittal Sections manufactures mild steel (MS) structural products under the registered brand MSL-MITTAL. The company manufactures and markets an extensive range of Mild Steel sections and structural steel products such as MS Flat Bars, Round Bars, Angles, and Channels.